The Tata Technologies IPO, a book-built issue worth Rs 3,042.51 crores, comprises an offer for the sale of 6.09 crore shares.
Opening for subscription on November 22, 2023, and closing on November 24, 2023, the allotment for this IPO is expected to be finalized by Thursday, November 30, 2023. It is scheduled to list on both the BSE and NSE, with a tentative listing date set for Tuesday, December 5, 2023.
The price band for the Tata Technologies IPO ranges from ₹475 to ₹500 per share. For application, the minimum lot size stands at 30 shares, requiring a minimum investment of ₹15,000 for retail investors. Substantial investment requirements are set for different categories: for sNII, the minimum lot size is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), totalling ₹1,005,000.
Tata Technologies IPO Details
Tata Technologies IPO Timeline (Tentative Schedule)
Tata Technologies IPO opens on November 22, 2023, and closes on November 24, 2023.
Tata Technologies IPO Reservation
The lot size for the Tata Technologies IPO allows investors to bid for at least 30 shares, with the option to bid in multiples of this amount. The table below outlines the minimum and maximum investments in terms of shares and monetary value for both retail investors and high net-worth individuals (HNI).
Tata Technologies IPO Promoter Holding
Tata Motors Limited is the Promoter of the company.
| Share Holding Pre Issue | 66.79% |
| Share Holding Post Issue | 55.39% |
Tata Technologies Limited
Established in 1994, Tata Technologies Limited stands as a prominent global engineering services firm specializing in product development and digital solutions. Catering primarily to global original equipment manufacturers (OEMs) and their tier-1 suppliers, the company is dedicated to creating value for its customers by aiding in the development of products that enhance safety, cleanliness, and the overall quality of life for end-users.
Leveraging extensive domain expertise in the automotive sector, Tata Technologies has expanded its capabilities to serve clients in related industries such as aerospace, transportation, and heavy construction machinery.
Operating on a global scale, Tata Technologies unites diverse teams from around the world, each equipped with distinct skill sets, to collaborate in real time and tackle intricate engineering challenges.
In terms of financial performance, Tata Technologies experienced a 25.81% increase in revenue and a substantial 42.8% rise in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022.
Data Source: chittorgarh
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